Wednesday, 7 September 2011

Tetangco Among Top Central Bankers

Manila Bulletin

MANILA, Philippines — Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. is one of the world’s top six central bankers in 2011, according to the annual survey on the performance of central bank heads conducted by New York-based Global Finance.

This is the third time in six years that Governor Tetangco was cited among the world’s best central bank heads. Governor Tetangco received an ‘A’ rating along with five other central bank heads from Australia, Israel, Lebanon, Malaysia and Taiwan.

The ‘Central Banker Report Card’ feature, published annually by Global Finance since 1994, grades Central Bank Governors of 36 key countries (and the ECB) on an ‘A’ to ‘F’ scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. ‘A’ represents an excellent performance down through ‘F’ for outright failure.

Subjective criteria also apply. Global Finance Publisher Joseph Giarraputo said: “During one of the toughest years on record, the world’s central bankers were tested as never before. Every year, we assess the determination of central bankers to stand up to political interference, and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services.”

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